WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk
WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk
Customer securing a 12 month payday loan no guarantor

12 Month Payday Loans No Guarantor



12 Month Payday Loans No Guarantor Loans can be acquired through Loanline’s free services. To apply, all you need to do is simply tell us a little about yourself, and we do the rest. Loanline will contact a variety of lenders with your details, until one accepts.

Do I need a guarantor?

Unfortunately, there is no service on Loanline which enables users to be able to apply for loans using a guarantor as backup. As we continue to grow our business, we look to add this option.

For those of you who are wondering whether or not you need a guarantor, we suggest you take a look at your credit rating. If your credit score isn’t desirable, and you feel you’ll be rejected for a loan, think about a guarantor.

Benefits of 12 Month Payday Loans No Guarantor

The benefits of 12 Month Payday Loans No Guarantor lie around the ability to take full responsibility on your loan. Repaying the full loan amount will show that you are a responsible lender. As a consequence, your credit rating will enhance, and the chances of you being accepted for any future loans will also improve.

Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed) APR rates range from 45.3% APR to 1575% Max APR. Your APR rate will be based on your circumstances.

Choosing your guarantor

Adding a guarantor with a respectable credit rating provides huge credibility to your loan application.

Asking someone to be your guarantor can be quite a daunting situation. We recommend asking someone who is close to you, someone you can trust – and of course, they need to be able to trust you.

Guarantors must have a separate bank account from your own. This means, the guarantor could be anyone from a family member and friend, to your spouse. The guarantor must have disposable income – this does not include anyone who is retired with a healthy pension package. Guarantors must be in full time employments.

When asking someone to be a guarantor, make sure they are fully aware that they would also be responsible for the loan, should you have trouble making the repayments.



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